Josh Drazen has joined alternative credit manager Oak Hill Advisors as managing director and head of product strategy.
Mr. Drazen will be based in New York, reporting to Fritz Thomas, partner and head of client coverage, said a Monday release.
A spokeswoman for Oak Hill confirmed that Mr. Drazen is taking on a newly created position.
He most recently served as global head of product strategy in private wealth solutions at Blackstone.
Blackstone declined to comment.
In his role at Oak Hill, Mr. Drazen will augment the firm's "focus on the wealth channel as well as continued new product development in the institutional markets."
Oak Hill, a subsidiary of T. Rowe Price Group, had $60 billion of capital under management as of March 31, the release added.
T. Rowe Price had $1.4 trillion in assets under management as of June 30, according to the company website.